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TREASURY BILLS
The projection is coming just days after the CBN released its Treasury Bills calendar for Q3 2020.
The T-bills secondary market closed on a bullish note last week as the average yield fell by 38bps to close at 2.28% compared to 2.66% the previous week due to the trading activity in the market following the auction held during the week.
Anytime we hear about foreign reserves, we just learn about the movement in the reserves, whether upwards or downwards. But there is more to the concept. Let's show you.
A butcher's penthouse full of dollars just exploded and it’s raining dollars. All you need to do is focus on catching as much as you can if you can.
First City Monument Bank Nigeria (FCMB) organised an evening of investment talks with Ugodre on Thursday, February 27th, 2020.
Corporate issuers appear to be taking advantage of the unorthodox policies of the CBN to raise funds from the local debt market.
The Pension Fund Administrators have increased investments in infrastructure to N40.52 billion, according to the latest PenCom's monthly report.
A further decline in the interbank lending rates is expected as N405 billion treasury bills matured to boost liquidity.
CBN has published its Treasury Bills programme for January–March 2020, indicating that it planned to raise about ₦847.4 billion in cash.
We are in the final four weeks of 2019 and the stage is set for a rally to finish off the year.
Treasury bills are a form of IOUs issued by the governments of various countries aimed at monetary regulations and budgetary financing.
CBN has directed banks and other financial institutions to stop selling treasury bills to individuals and small firms with effect from November 29th.